The stock of Chord Energy Corporation (NASDAQ:CHRD) last traded at $141.77, up 4.21% from the previous session.
Data from the available sources indicates that Chord Energy Corporation (NASDAQ:CHRD) is covered by 10 analysts. The consensus rating among analysts is ‘Buy’. CHRD stock price is now 0.17% away from the 50-day moving average and 7.21% away from the 200-day moving average. The market capitalization of the company currently stands at $5.93B.
In total, 0 analysts have assigned it a hold rating, and 9 have given it a buy rating.
With the price target of $196, Mizuho recently initiated with Buy rating for Chord Energy Corporation (NASDAQ: CHRD).
In other news, Holroyd Samantha, Director sold 1,250 shares of the company’s stock on Jan 03. The stock was sold for $168,838 at an average price of $135.07. Upon completion of the transaction, the Director now directly owns 14,490 shares in the company, valued at $2.05 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 27, Director Peterson Lynn A sold 700 shares of the business’s stock. A total of $98,105 was realized by selling the stock at an average price of $140.15. This leaves the insider owning 225,823 shares of the company worth $32.01 million. Insiders disposed of 14,371 shares of company stock worth roughly $2.04 million over the past 1 year. A total of 3.30% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in CHRD stock. A new stake in Chord Energy Corporation shares was purchased by MEREWETHER INVESTMENT MANAGEMENT, LP during the first quarter worth $35,911,000. TEILINGER CAPITAL LTD. invested $22,024,000 in shares of CHRD during the first quarter. In the first quarter, LONESTAR CAPITAL MANAGEMENT LLC acquired a new stake in Chord Energy Corporation valued at approximately $10,633,000. NINEPOINT PARTNERS LP acquired a new stake in CHRD for approximately $9,215,000. INVENOMIC CAPITAL MANAGEMENT LP purchased a new stake in CHRD valued at around $9,180,000 in the second quarter. In total, there are 381 active investors with 95.10% ownership of the company’s stock.
With an opening price of $135.07 on Thursday morning, Chord Energy Corporation (NASDAQ: CHRD) set off the trading day. During the past 12 months, Chord Energy Corporation has had a low of $91.94 and a high of $164.79. As of last week, the company has a debt-to-equity ratio of 0.09, a current ratio of 1.00, and a quick ratio of 0.90. The fifty day moving average price for CHRD is $141.51 and a two-hundred day moving average price translates $139.81 for the stock.
The latest earnings results from Chord Energy Corporation (NASDAQ: CHRD) was released for Jun, 2022. According to the Oil & Gas E&P Company, earnings per share came in at $7.3, missing analysts’ expectations of $8.26 by -0.96. This compares to $3.46 EPS in the same period last year. The company reported revenue of $1.19 billion for the quarter, compared to $368.98 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 222.2 percent. For the current quarter, analysts expect CHRD to generate $920.5M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 11/29/2022. Investors who held shares on 11/15/2022 were paid a $3.67 dividend. On an annualized basis, this represents a $5.00 dividend and a 3.53% percent yield. There was an ex-dividend date of 11/14/2022 for this dividend.
Chord Energy Corporation(CHRD) Company Profile
Chord Energy Corporation operates as an independent exploration and production company. It acquires, exploits, develops, and explores for crude oil, natural gas, and natural gas liquids in the Williston Basin. The company was founded in 2007 and is headquartered in Houston, Texas.